Twitter decimates its workforce
At the end of October 2022, Elon Musk paid no less than US$44 billion to acquire Twitter, Inc., firing the top three executives of the company as soon as the acquisition was complete. Back then, the company had around 7,500 employees. By last Friday, their number had fallen to around 2,000. This weekend, a few insiders revealed that 10% of the company's remaining employees were laid off as well.
According to the people who talked to The New York Times, "some employees discovered that they were logged out of their corporate email accounts and laptops" on Saturday night. The same sources revealed that the job cuts targeted product managers, as well as data scientist and engineers who were in charge of machine learning and site reliability-related tasks. A team heavily hit by the latest job cuts is the one in charge of monetization, which dropped to 7 or 8 people from no less than 30.
In late November, Elon Musk claimed that no more staff reductions were planned. When that internal meeting took place, the company already had roughly half the workforce it possessed one month earlier. Since then, individual resignations and small-scale layoffs reduced the number by approximately 1,500 more.
Twitter still has to issue an official statement regarding this last round of job cuts, so at least the accurate number of people who have lost their jobs should be taken with a grain of salt for the time being.